Correlation
The correlation between LRND and PABU is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
LRND vs. PABU
Compare and contrast key facts about IQ U.S. Large Cap R&D Leaders ETF (LRND) and iShares Paris-Aligned Climate MSCI USA ETF (PABU).
LRND and PABU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LRND is a passively managed fund by IndexIQ that tracks the performance of the IQ U.S. Large Cap R&D Leaders Index - Benchmark TR Gross. It was launched on Feb 8, 2022. PABU is a passively managed fund by iShares that tracks the performance of the MSCI USA Climate Paris Aligned Benchmark Extended Select Index. It was launched on Feb 8, 2022. Both LRND and PABU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LRND or PABU.
Performance
LRND vs. PABU - Performance Comparison
Loading data...
Key characteristics
LRND:
0.32
PABU:
0.54
LRND:
0.54
PABU:
0.83
LRND:
1.08
PABU:
1.12
LRND:
0.28
PABU:
0.50
LRND:
0.96
PABU:
1.81
LRND:
6.16%
PABU:
5.72%
LRND:
21.87%
PABU:
20.89%
LRND:
-25.43%
PABU:
-20.85%
LRND:
-7.11%
PABU:
-6.23%
Returns By Period
In the year-to-date period, LRND achieves a -2.40% return, which is significantly higher than PABU's -2.95% return.
LRND
-2.40%
5.37%
-2.37%
6.29%
17.38%
N/A
N/A
PABU
-2.95%
5.95%
-3.62%
10.56%
15.37%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LRND vs. PABU - Expense Ratio Comparison
LRND has a 0.14% expense ratio, which is higher than PABU's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LRND vs. PABU — Risk-Adjusted Performance Rank
LRND
PABU
LRND vs. PABU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ U.S. Large Cap R&D Leaders ETF (LRND) and iShares Paris-Aligned Climate MSCI USA ETF (PABU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Loading data...
Dividends
LRND vs. PABU - Dividend Comparison
LRND's dividend yield for the trailing twelve months is around 1.01%, which matches PABU's 1.00% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
LRND IQ U.S. Large Cap R&D Leaders ETF | 1.01% | 0.97% | 1.22% | 1.32% |
PABU iShares Paris-Aligned Climate MSCI USA ETF | 1.00% | 1.01% | 1.06% | 1.00% |
Drawdowns
LRND vs. PABU - Drawdown Comparison
The maximum LRND drawdown since its inception was -25.43%, which is greater than PABU's maximum drawdown of -20.85%. Use the drawdown chart below to compare losses from any high point for LRND and PABU.
Loading data...
Volatility
LRND vs. PABU - Volatility Comparison
IQ U.S. Large Cap R&D Leaders ETF (LRND) has a higher volatility of 5.49% compared to iShares Paris-Aligned Climate MSCI USA ETF (PABU) at 4.51%. This indicates that LRND's price experiences larger fluctuations and is considered to be riskier than PABU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...